Category: Daily Wrap

Weakness lingered in Tech, Mega caps and Semis on Tuesday. Selling wasn’t as broad-based as Monday.  I suspect that’s because...

I still lean toward a bearishly-biased consolidation into Nvidia’s earnings Wednesday after the bell — prices grinding around key technical...

The market faced several issues this week. Kimi K2’s open-source model performs at a fraction of GPT-level cost and that...

This week’s bounce kicked off strong with mega caps leading, but with some hints of trouble that progressed: Monday’s Oracle...

The stock market posted another mixed showing. Despite index futures and pre-market activity hinting at Tech and growth stocks outperforming...

The day was relatively quiet, in line with yesterday’s 1-day overbought internals. Renewed AI concerns drove rotation, reversing yesterday’s Momentum...

Last week was the market’s worst week since April, but ended  the week by running right into multiple Technical Support...

First things first. Two the two main themes covered in Wednesday’s Daily Wrap Summary section were the state of the...

Today had all the hallmarks of 1-day oversold internals–which we came close to Tuesday, but not technically there– coinciding with...

Index futures tracked lower overnight with the catalyst being AI-related valuation concerns. Palantir Technologies (PLTR -7.95%) moved sharply lower despite...

The first day of the new month was mixed across averages and sectors, supported by narrow mega cap leadership. Like...

Sensing that the market overestimated Sunday’s trade developments and suspecting last night’s U.S./China trade talks might be a sell the...

The stock market had a rather eventful session ahead of the FOMC, then things got interesting. I noted yesterday, “I...

Tech stocks, and virtually Tech stocks alone, led the market amid horrendous breadth, even in the leading Technology sector. Some...

Over the weekend, U.S.-China trade negotiators met in Malaysia to prepare for the October 30 Trump-Xi summit. Both parties reported...

Tech and Mega cap stocks rebounded to retrace yesterday’s losses, as earnings played another influential role in day-to-day sector performance....

Today wasn’t a great showing by the stock market, but it was orderly. Earnings continue to play a role in...

Following yesterday’s 1-day overbought internals signal and breadth oscillators resetting from oversold (Thursday) to overbought (Monday), the S&P 500 and...

The market benefitted from quiet weekend with no new China tariffs, and a sense of optimism over U.S.-China trade. President...

The market went from Monday’s broad-based relief rally, to Tuesday’s overly optimistic short-squeeze in consumer cyclicals, to Wednesday’s more defensive...